What is the economic order quantity for ordering, Supply Chain Management

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What is the economic order quantity for ordering

Assignment:

ShinyAppliances, Inc. manufactures oven toasters for commercial market. Currently, ShinyAppliances is producing part 1004A.Next year's requirement for part 1004A is estimated at 20,000 units. Part 1004A is valued at $50 per unit and the holding cost of each unit is $8 per year. The cost of processing each order is $200. What is average inventory if ShinyAppliaces uses Economic Order Quantity (EOQ) for ordering?

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Supply Chain Management: What is the economic order quantity for ordering

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